EUR/USD Neutral, AUD/USD Neutral and EUR/AUD (Trade Recap)EUR/USD Neutral
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
AUD/USD Neutral
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
Community ideas
New Setup: ATROATRO : I have a swing trade setup signal. I'm looking to ENTER long if the stock can manage to cross above the last candle high. If triggered, I will then place a STOP below the previous candle, and a price TARGET at around 21.80. **Note: This setups will remain valid until the stock CLOSES BELOW my STOP.
Plan Your Trade Update For 4-21 : Waiting For The EPP SetupThis video is, hopefully, going to help many of you learn to use the Excess Phase Peak (EPP) pattern more efficiently.
For months, I've been trying to teach all of you to use this pattern to efficiently identify and trade some of the biggest price moves.
Remember, price only does TWO THINGS - TREND or FLAG.
These components are essential to the EPP pattern setup.
First, price must TREND into a peak or trough.
Second, price must pullback from the peak or trough.
Third, price must move into a SIDEWAYS/FLAGGING formation.
Forth, price must break away from the sideways/flagging formation and attempt to TREND into the new consolidation phase.
Fifth, once the new consolidation phase starts, price will trend and flag within the consolidation range for a period of time - before...
Sixth, price will attempt to break up or down to the Ultimate High/Low.
This chart of the ES/SPY will show you how I used my analysis to "front-load" my positions before the Easter holiday weekend.
I've been telling all of you the markets would likely attempt to move a little bit higher, trying to target 525-535 (if we are lucky). Then, price would roll into a topping formation and move downward towards my May 3-6th low (estimate).
Last Thursday, I decided to throw on two positions to protect against any big news that may cause the markets to collapse over the holiday weekend.
I picked up :
4 SDS CALL options @ $23 expiring on May 16
3 XLF PUT options @ $47 expiring on May 16
Both of those trades worked out perfectly this morning. I booked 2 of the XLF and 2 of the SDS for profits near 1030 AM PT. Lovely.
Next, in between phone calls and loading up my car for a short trip, I noticed a beautiful EPP pattern setting up in the ES, and that EPP pattern has already reached what I believe to be the Ultimate Low.
I tried to get into 2 SPY Call options @ $512 and held my breath to see if I timed the entry well.
NOT.
I took a $280+ loss on those two Calls.
I waited a bit longer to see what price did, and after the price setup a base below $510 on the SPY, I loaded up on two more SPY Calls @ $510 and two SSO calls @ $67 about 70-80 minutes before the end of trading.
The way I looked at it, I already had my downside trades placed from last Thursday, and I just added some upside exposure while my downside trades were profitable.
I didn't know if the SPY would rally or not, but the EPP Ultimate Low setup suggested NOW is the time to buy.
So, I kept both downside and upside trades active to protect my account overnight.
The SPY rallied into the close, and I ended up making some nice profits off that EPP Ultimate Low.
Now, I'm going to wait to see what happens tomorrow morning and try to BOOK my upside trades in profits while letting my longer-term downside trades play out into early/mid May.
This is trading. The entire purpose of trading, like I trade, is to position for the best opportunities and try to catch the GIFTS the market throws at you as often as possible.
Nothing is guaranteed, but price ultimately shows us everything we need to know.
Watch this video to see if you understand the EPP Ultimate Low that prompted me to buy my CALLS today.
If so, then you are starting to GET IT, and that is a very big step towards improving your trading skills.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
BITCOIN - Price Action Update - Have We Seen The End of Wave E..Bitcoin appears to be encountering resistance on several fronts: recent highs, the 200-day moving average, and the extended length now required for Wave (C) to complete the larger Wave B Zig-Zag pattern.
A break below the 87,000 level would likely signal the completion of Wave E. Price action remains choppy at the highs due to ongoing uncertainty, but I expect this to resolve soon.
The downside target sits at a minimum of 74,517 to complete the broader Wave B Zig-Zag.
When You Bought the Farm: PLTR, BRB, CALM, ROBLOX, ADMA, PLMRI am not in a market for super stocks in this environment at the moment. Also, I am looking beyond the trade war and into quality companies:
Fundamentals:
Warren Buffet says, "When you bought the farm, you looked at what the farm would produce".... "...the potential of the farm"..."You don't need a quote on it."
PLTR's May 14, 2024 Investment Update for April 21, 2025:
See the following chart. Fundamentals are still good:
(BellRing Brands, Inc.) BRBR - think protein bars and shakes: A recent investment:
Cal-Maine Foods (CALM): Speaking of farms and chicken eggs! Cal-Maine Foods is "the largest producer and distributor of fresh shell eggs in the United States, committed to offering our customers a wide range of quality egg and egg product choices produced in a safe, cost-effective and sustainable manner." (www.calmainefoods.com). It has good ROE and the quality of institutional investment has steadily grown legs into this company. It meets basic parameters of an investment.
ROBLOX (RBLX): I did my own personally survey and contacted several hundred of family and friends from the globe, and not only are Gen-Z playing ROBLOX, but even young adults are into it. It is true that with its immersive platform, "every day, millions of people come to Roblox to create, play, and connect with each other in experiences built by our global community of creators." Another company that I mentioned is Take-Two (TTWO) with Grand Theft Auto 6 coming out around August or September 2025 this year, I think it also will continue to surprise and do well. I shall invest in both; however, I like ROBLOX better.
I mentioned other companies in the video that are minor investments and the technical aspects of entry: Marex Group (MRX), Palomar Holdings (PLMR) and ADMA.
EUR/USD Analysis: Weekly & Daily Timeframes
In this analysis, I explored the EUR/USD pair, identifying significant patterns and potential trade opportunities. The weekly timeframe shows a strong support level, while the daily chart highlights short-term resistance. Combining these insights with the DXY index, we can better understand market dynamics.
Noise, S&P Scenario, Gold BubbleThank you to the tradingview community for engaging and supporting my content.
After another rough start to the week, we have a bit of a crossroads ahead for the S&P
1) We revisit the April 7 lows and poke lower with bear trap opportunities
2) We hold Monday April 21 lows and grind back up to gap fill and revisit 5400-5500 resistance
3) We go nowhere with a lot of intraday volatility and noise (between the April 7 low and the April 9 high)
The markets are on high alert
DXY
Gold
Bitcoin
US Bonds vs Treasuries (yields rising)
Trump is more vocal about threatening the FED or firing Powell and the concern is truly unprecedented
Trade War pause is still ongoing, China is being vocal as well to make sure countries don't simply line up to support the US. For all of this to calm down, US and China have to play nice. China is likely able to hold the line longer than the US in the near-term
Thanks for watching!!!
S&P500 - The Correction Is Over Now!S&P500 ( TVC:SPX ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
Over the past couple of days, we have been seeing a quite harsh stock market "crash" with an overall correction of about -20%. However, as we are speaking the S&P500 is already retesting a major confluence of support and if we see bullish confirmation, this drop might be over soon.
Levels to watch: $4.900
Keep your long term vision,
Philip (BasicTrading)
April 21st Trade Journal & Stock Market Analysis**April 21st Trade Journal & Stock Market Analysis**
EOD accountability report: +9335.75
Sleep: 8 hour, Overall health: tired
**Daily Trade Signals based on VX Algo System**
9:37 AM Market Structure flipped bearish on VX Algo X3
12:01 PM VXAlgo ES X1 Buy signal,
2:16 PM VXAlgo ES X1 Buy signal (double signal)
3:05 PM VXAlgo NQ X3 Buy Signal
3:31 PM Market Structure flipped bullish on VX Algo X3!
Oil Buy Idea/Analysis ScalpingBased on reversal trading and BOS formation, I see that an uptrend is forming within a downtrend move. I assume this is going to be my retest move of the last LOW in a higher timeframe, such as the Daily, so I'm trying to take advantage of it and scalp it. There is more explanation in the video.
USDCAD Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCAD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
XAUUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my XAUUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
Bitcoin - BTC vs ETHUsually, there will be a tight correlation between Ethereum and Bitcoin, especially during volatile periods like back in 2017 - 2018, 2020 etc... But as of recently, we have been seeing the correlation of ETH and BTC dissipated as the years has gone on leading me to believe that a major shift is inbound......
However, when studying price action in the short term, there is a possibility for BTC to draw to the upside, attacking the $86,847.